I guess the term Financial Wellness, means different things for each individual. If you have a family, it might be all about college funds or mortgage payments. If you have elderly or ill relatives it could mean health insurance and medical bills. If you are unusually foresighted it can be about your own retirement, even if you are still young!
We tend to see the trouble and solutions at hand, when they are present. We know that “things happen”, but we may feel incapable of finding a concrete solution, to be prepared. Worries abound about both present and future such as:
• Will I be able to make my mortgage payment this month?
• If I get laid off, do I have enough in reserves until I find something else?
• Will I ever be able to afford nice things for my family without relying on credit cards?
• Do I save enough enabling me and family to live the life we want while working and at retirement?
• Am I using the right financial products and making the best investments for my situation?
But, the thing about fuzzy anxiety is, it drains you from energy.
Financial wellness is – or should be – about being prepared in thought and action. This requires that you have been presented with well-defined, accessible options to take measures. It is all about that feeling of security, so that you can focus on the present; your family and friends, your work and hobbies. The fear of the unexpected should not get in the way of your daily life.
It’s a great start… so why not continue supporting your most valuable assets- your employees? Down with fuzzy anxiety, up with security!
Download Financial Wellness: The Topic You Can’t Afford to Ignore for an overview of financial wellness, employee profiles, statistics, and tips for HR when developing initiatives, programs, and communication.
Joakim Alm, CCO Pension & Insurance at Benify, leads development and global expansion of Health and Financial Wellness products and services to help employers to make it even greater at work.